Advertisement
Tier1FX vs DMMFX
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Tier1FX currently holds a stronger overall rating (3.7) than DMMFX (3.5).
Tier1FX has a higher minimum deposit than DMMFX, at 500.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
Tier1FX offers a minimum lot size of 0.01 and a maximum lot size of 50.0, while DMMFX offers 0.1 and 20.0.
Tier1FX offers a lower maximum leverage of 1:30, whereas DMMFX allows trading with up to 1:600.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
|
|
||
|---|---|---|
|
Overall Rating:
Platform:
Pricing:
Customer service:
Features:
|
|
|
| Minimum deposit ($) | 500.0 | 200.0 |
| Commission | 5.0 | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.1 |
| Maximum lot size | 50.0 | 20.0 |
| Spread | - | Fixed |
| Broker type | STP, ECN, DMA | STP, Market Maker |
| Maximal leverage (1:?) | 30 | 600 |
| Availability | STP, ECN, DMA | STP, Market Maker |
| Regulation | MFSA (Malta) | ASIC (Australia) |
| Trading Platforms | MetaTrader 4 (MT4), JForex, Fortex 6 | MetaTrader 4 (MT4), Mobile Platform |
| Funding/Withdrawal methods | Wire Transfer, Neteller | Wire Transfer, Credit Card, Debit Card, Neteller, Skrill, FasaPay |
| Account Currency | USD, GBP, EUR | USD, GBP, EUR, NZD, AUD |
| Languages | English, Spanish, Italian, Chinese, Croatian | English, Japanese, Mandarin, Chinese, Indonesian, Arabic |
| Country | Malta | Australia |
| Trading platform(s) timezone | Malta | Australia |
| Other trading instruments | Commodities, Energies, CFDs | Commodities, CFDs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
